Signs of things to come?

Fishface1911 · Jul 12, 2012

Is this what we have to look forward too and how long before we see more.
The rest of the states follow Commifornia and some cant be far behind. :shocked:

http://www.latimes.com/news/local/la-me-san-bernardino-bankruptcy-20120712,0,2433019.story

Throughout the state, local governments are slashing services to avoid bankruptcy. For some, it's too late.

San Bernardino on Tuesday became the third California city to seek bankruptcy protection in the last month and, while no one expects the state to be consumed by municipal insolvencies, other cities teeter on the abyss.

"There are likely to be more in the future, but it's hard to know, since a lot of struggling cities may manage to work things out,'' said Michael Coleman, a fiscal policy advisor for the California League of Cities. "Some cities may not go into a bankruptcy, but they may dissolve. They may cease to exist.''

Last month, Stockton became the largest city in the state to seek bankruptcy protection after it was unable to come to agreement with its employee unions and creditors on a plan to close a $26-million gap in its general fund.

San Bernardino couldn't close a $45.8-million budget shortfall and would be unable make its payroll this summer. Days before Tuesday's City Council vote, the city of 211,00 people had just $150,000 in the bank. The city barely scraped together enough money to cover its June payroll.

San Bernardino Mayor Patrick Morris, a former judge elected on an anti-gang platform, says the city may have to dissolve its Fire Department or portions of the Police Department, an unavoidable reality when public safety accounts for nearly 75% of the general fund budget. The city would then contract with county and state agencies for those services.

"I think all possibilities should be on the table," Morris said. "That includes privatizing services; that includes regionalizing services."
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cd4th · Jul 12, 2012

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Fishface1911 · Jul 12, 2012

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DIXIEDOG · Jul 12, 2012

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n2ratfishin · Jul 13, 2012

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ACBass · Jul 13, 2012

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Signs of things to come?

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